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Nifty: At 50 day EMA and my trading viewNifty
In my last take on Nifty futures when it was at 18687, I had given a target of 18258.
I exited from the trade in Futures very early ( I too am human and can get scared sometimes) and then went with some Call short position for better risk management.
If you see the Nifty Futures chart now...
Nifty futures made a low of 18231 / 18223 and so far has managed to stay above 18258 odd levels on closing basis. (400 plus points... Not bad to get the levels right at least from analysis angle)
Coming to Nifty Spot chart we see 50 day EMA at 18191 and Nifty managed to stay a tad above so still there is hope for the Bulls for a late Santa Claus rally.
Put Call Ratio is at 0.61
Given the set up, and data parameters, I would not consider any short positions for now.
My trading setup:
I would consider taking a bullish stance for the next 1 - 2 week with 18114 / 18080 in Nifty spot as my SL.
If I see things favorable (on the downside Nifty should not breach 18114 -18080 levels), I would consider selling Put options as it provide some margin of safety.
On the upper side if Nifty manages to take out 18244-18262) on hourly chart, I might consider some aggressive bets on the long side as well with 50 day EMA or 18178 as my SL .
Pharma sector showed some promise today and could be the dark horse going forward. Keep a watch on the sector.
Do let me know if you find the analysis and insights helpful.
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Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Rising wedge pattern IGLIGL
Key highlights: 💡⚡
📈On 1D Time Frame Stock Showing Breakdown of Rising wedge Pattern .
📈 Strong bearish Candlestick Form on this timeframe.
📈It can give movement up to the Breakdown target of below 378-.
📈Can Go Long in this stock by placing a stop loss above 445+.
📈 breakdown this can give risk:reward upto 1:4+
NBCC - Price Breaking Out At High Volumes - A Retest In ProgressNBCC
Price has broken out a major resistance and is doing a pull back at low volumes.
A upside of 35 % is in the stock if it manages to stay above the critical support as mentioned in the video.
Target is the major resistance.
Cheers,
priceNpedia
Why Grasim can blast a brief anaysis!!NSE:GRASIM is looking Good to enter if you want to invest in Nifty Infra for the upcoming weeks.
Even though volatility in the market has started to increase. It is stable and holding its levels Positively.
With every Swing in it, volatility is reducing & it can give huge returns in a shorter period.
One Can take Stop loss near the zone of 1760 (Tight SL) and 1700 as a (Loose SL)
Trade horizon can vary on movement of the stock, (Ideally 3-6 months)
I'll keep you updated here so make sure to follow for updates. and you can ask questions in the comments.
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DCM- Descending Triangle PatternNSE:DCM 84.85
1. Descending Triangle Pattern formation
2. Breakout with strong two candlestick and volume
3. Next level to watch 90 and this is horizontal resistance and if price is able to break this level we will have fresh breakout
4. Support near 75 level.
#TechnicalAnalysiswithMrChartist
DABUR BREAKOUT RETEST ??Dabur India gives a super bullish move today and gives a strong breakout above strong resistance and closed above too but somehow I missed this move so what I am expecting now is that it will give a breakout retest on it's breakout zones of 580 levels so that could be good opportunity to enter in this stock with the target of 602 and 626 and the stop loss will be 567 the previous resistance hopefully this time it will act as a good support for this stock, One more possibility there is if it will retest breakout successfully so after it could come for test todays closing price after hitting the price of 602 that could be the good spot for second entry.. It is simple price action based idea once you will understand you will execute it better.
Long opportunity in SCHAND learning chart for begineersVery good Technical analysis learning chart for beginners
1. Schand is showing flag breakout retest an continuation pattern on daily TF.
2. 206 May act as major hurdle. If it crosses 206 with goo volume it may see 250 which is weekly resistance.
3. Volumes nees to be built up for uptren continuation.
4. short term traders must keep strict SL below 176.
BankniftyThe global market indicates a positive start. the market nature is neutral to slightly bullish. if the market breaks the previous day high, then we will expect a rally continuation. On the other hand, if the market breaks the previous day closing price, then we will expect the range-bond market to correction continuation.
Noiseless charting method , Ranko , Complete analysis I have made efforts in Explaining long term and short term analysis
i have also made efforts in explaining how to identify the trend and stay with the trend irrelevant to news or any ongoing incidents
One can look for Googling the Methods on Trading ranko and get a grip before taking the decisions
Good luck
SAIL steel author India possible Elliot wave countsTrend indicator macd for SAIL is turned negative now on daily time frame, also with price closed below 20DMA along with follow up seen in today's session,
price retraced up to 50% Fibonacci level of recent fall and turned back towards south. Also, possible Elliot wave counts are suggesting correction is pending ahead, if our counts are going correct then price can unfold wave C of wave Y of wave 2, then we can assume for target of 50 where wave C would be equal to wave A, fingers crossed, on the way upside 88 is an invalidation level for current view.
Possible wave counts on daily chart
Retraced 50% of recent fall
Price closed below 20DMA with followed up
Weekly upper band pressuring down, once it close below 20WMA then more bearish
20WMA is now crucial support level, once it breaks then more bearish
MACD in daily negative crossover
RSI in daily is down tick and below 50
RSI in hourly is below 40
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
fibonacci reversal trade / falling parallel channel patternhindpetro : 209.20
trade set up :
1. buy range 208 to 210
2. stop loss 196 on closing basis
3. targets : 215/ 225 / 238 / 245 / 266+
technical setup :
1. midpoint parallel channel support trade
2. falling parallel channel
3. fibonacci 78.6% reversal
4. trend line support
5. value pick
6. support & resistance trade
Nifty Prediction For coming days
Lets see what are the possibilities for comning days in nifty
Bullish View as we can see Inverted H&S in weekly and daily TF, As projected in the Chart above and below. Lets not forget that we have All time high near by and anything might happen at this point,
So we will consider bullish only once the high is broken and retested and sustained. Simple price action patterns trade will help you keep your mind clean regarding the trend, And identify perfect S&R levels.
Now lets see the Big WHAT IF !!
Weekly
The Picture above Shows the Possibilities of RSI Divergence if at all matket reaches the All time high, Thats when we might see a Double top with RSI divergence. Take confluence from Volume and Oscilator divergence for bearish moves,
Look for Option chain Open Interest Levels see if major call are being written or puts being bought, these will help you identify the trend reversal.
MTF anaysis helps you trade with trend. I made Weekly and daily .. now its your turn to make intraday analysis. You can reach out to me here if you need any suggestion.
First train you eyes to identify the patterns then think about logic and its technical aspect.
No one swims without drowning first and no one wins without loosing first.
Symmetrical triangle pattern reversal in AUBANK.AUBANK
Key highlights: 💡⚡
📊On 1W Time Frame Stock Showing Reversal of Symmetrical triangle Pattern .
📊 It can give movement upto the Reversal target of Above 660+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 880+.
📊 Can Go Short in this stock by placing stop loss below 560 or last swing Low.
INDIAN HOTEL : BREAKOUT AWAITED - TRADE WITH RISK REWARD OF 1:5 Price has shot up in a narrow channel and facing resistance at key levels.
Price has tested this resitance thrice and looks like now is in a position to break this resistance to
give a upmove of 15 %.
Risk Reward & Stop loss mentioned in the chart.
